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Soy Capital Bank & First Mid Bank & Trust Company Merger

By June 13, 2018 No Comments
JL Hubbard Building

JL Hubbard Clients

By now you may have heard about the pending merger between Soy Capital Bank and the First
Mid Bank & Trust Company. As a division of Soy Capital Bank, JL Hubbard Insurance and Bonds is
excited about what this merger will mean for our customers.   Moving forward, our combined
expertise, financial strength and expanded value-added services will enhance an already robust customer service experience.

First Mid Bank & Trust Company, founded in Mattoon in 1865, is the oldest National bank in Illinois. Its 150+ years of service excellence to Central Illinois, and beyond, is a testament to the communities they serve.  Rounding out their core banking services, the First Mid Bank & Trust Company also operates a trust and wealth management division which includes their ag-service operations and a highly respected Insurance division, First Mid Insurance Group.  Soy Capital Bank and the First Mid Bank & Trust Company share many of the same cultural and core beliefs which make this merger a natural fit and a “win-win” for our customers.    First Mid Bank & Trust Company and Soy Capital Bank are both central Illinois owned companies who have always understood the importance of giving back to the communities they serve.

JL Hubbard Insurance and Bonds reputation and Best Practice Rating as one of the top insurance agencies in the country has been a source of continued pride for Soy Capital Bank.  First Mid Bank & Trust Company recognizes this as well and with that in mind, we are pleased to tell you that our proposed merger only promises our customers even more of the outstanding products and services that has made JL Hubbard Insurance and Bonds a household name in the insurance industry for over 60 years.

Moving forward, our customers will see minimal, if any, changes. You will continue to be serviced by the same highly skilled JL Hubbard Insurance & Bonds staff, and our producers and management will be providing the same excellent service and leadership.  Our combined synergy is indeed an excellent combination of complementing services.

At JL Hubbard we are genuinely excited about what this merger means in customer service and value. I am looking forward to assisting our customers and leading our staff through this merger.  Should you have any questions about this announcement, I hope you will not hesitate to contact me or your representative with any questions.

Thank you,


Dan Martini
(217) 877-3344